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100
Jun 18, 2014
06/14
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., price increases will act as a direct tax on consumers and curtail spending if they persist. the fed we began the two-day meeting on tuesday and pledged to keep interest rates low while trying to raise inflation but fed chair janet yellen will be questioned if she and the fed thought through what happen to interest rates if the economy raises faster and higher than everyone expects. i'm steve liesman, for "nightly business report." >>> american business leaders are watching the health of the economy. according to a new survey, more are optimistic about hiring in sales but some say their biggest concern comes from washington mostly because lawmakers haven't made any progress on changing corporate tax laws or business friendly legislation. >> we need an investment climate that has companies wanting to locate headquarters here, not elsewhere a tax structure trade laws. it is effectiveness and we aren't very effective as a government and with a growth strategy where i think trailing miserably. >> the survey found that more than half of u.s. companies don't expect to increase capi
., price increases will act as a direct tax on consumers and curtail spending if they persist. the fed we began the two-day meeting on tuesday and pledged to keep interest rates low while trying to raise inflation but fed chair janet yellen will be questioned if she and the fed thought through what happen to interest rates if the economy raises faster and higher than everyone expects. i'm steve liesman, for "nightly business report." >>> american business leaders are watching...
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Aug 31, 2016
08/16
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as a cur that would allow essentially apple to deduct that eu tax payment from the taxes. that wouldn't be fair to u.s. taxpayers. >> international trade experts say the eu decision is an additional challenge to the sovereignty of the individual countries in a post brexit europe. and they sa. zpl coming off brexit where you know, you have countries who feel l all of a sudden, a clawback on made with a company i think that's going to scare away investors. >> they have been criticized by capitol hill for using billions offshore and not pay of the eu ruling was bipartisan. house speaker paul ryan said slamming a company with a giant tax bill years after the fact sends the wrong message to job creators on both side of the atlantic. new york senator charles schumer pull no pumplgs, calling the move a cheap money grab. >> we ar concerned about a unilateral approach in state negotiations that threaten to undermine progress. that we have made collaboratively with the europeans. to make the international taxation system fair. >> it's not clear what if anything washington can do to
as a cur that would allow essentially apple to deduct that eu tax payment from the taxes. that wouldn't be fair to u.s. taxpayers. >> international trade experts say the eu decision is an additional challenge to the sovereignty of the individual countries in a post brexit europe. and they sa. zpl coming off brexit where you know, you have countries who feel l all of a sudden, a clawback on made with a company i think that's going to scare away investors. >> they have been criticized...
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Sep 10, 2015
09/15
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it all come down to taxes. john harwood has details on how it compares to the that plans of the other presidential hopefuls. >> trying to emerge from the shadow of donald trump, republican candidates are turning to taxes. today it was governor jeb bush. >> the difference between 2% and 4% growth is this. at 2%, we'll stay where we are. with millions on the sidelines, falling behind. at 4% we grow at a pace that lifts up everybody. and there's no excuse for not trying. we need to jump start our economy by fixing the tax code. >> the mangs diverge on key details. bush goes to 28% and rand paul has a 14.5% flat tax. on corporate rates, rubio goes to 25%. bush drops it further to 20% and paul would institute a 14.5% added tax on invest many income. paul applies the flat tax and rubio would eliminate comment gains and dividend tax altogether. two big questions, how many of a wind fall would they apply to the wealthy? and what sort plans would we get from hillary clinton and donald trump? >> more now on the labor rep
it all come down to taxes. john harwood has details on how it compares to the that plans of the other presidential hopefuls. >> trying to emerge from the shadow of donald trump, republican candidates are turning to taxes. today it was governor jeb bush. >> the difference between 2% and 4% growth is this. at 2%, we'll stay where we are. with millions on the sidelines, falling behind. at 4% we grow at a pace that lifts up everybody. and there's no excuse for not trying. we need to...
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Oct 14, 2010
10/10
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death and taxes are certain. death taxes? apparently not. i'm eric schurenberg. >> tom: and finally tonight, can't put that cell phone down, even when you're driving? now there's an app for that! it's called safe cell, and it can detect when your phone is moving faster than five miles an hour. when it does, the app sends you a message reminding you to drive safely and intercepts incoming calls. if you stay safe, the app will reward you with points that can be used at national retailers. but answer that call on the interstate, and the points vanish. the safe cell app will cost you about $12 a year, suzanne. but i guess we still have to read the message while you're driving to know whether or not you're going to get the points. >> suzanne: i can't figure this one out. i think it is a better idea to put the cell phone in the trunk. >> tom: or leave home without it, for that matter. that is "nightly business report" for this wednesday evening. thanks for joining us. it's october 13th, good night, and have a great evening, suzanne. >> suzanne: go
death and taxes are certain. death taxes? apparently not. i'm eric schurenberg. >> tom: and finally tonight, can't put that cell phone down, even when you're driving? now there's an app for that! it's called safe cell, and it can detect when your phone is moving faster than five miles an hour. when it does, the app sends you a message reminding you to drive safely and intercepts incoming calls. if you stay safe, the app will reward you with points that can be used at national retailers....
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Sep 22, 2012
09/12
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he paid an effective tax rate of just over 14%. >> susie: and the tax return highlights the debate over americans who contribute to the economy and people who take government handouts. we look at the campaign debate of the makers versus the moochers. >> tom: that and more tonight on "n.b.r." >> tom: a new phone and a new record high stock price during the day for apple. die hard fans lined up at apple stores worldwide to be among the first to get their hands on the new iphone 5. by one estimate, lines were almost twice as long compared to the wait for the last version. but un-characteristic for an apple product launch. there are growing complaints about one of the device's biggest changes. its maps. erika miller reports from new york. >> reporter: in a predictable ritual, apple fans camped out overnight to get their hands on the new iphone 5. many are loyal apple fans, eager to upgrade: what features are you most excited about? >> the screen-- the larger screen, the camera, i'm interested to see what that looks like once i start to take pictures and things like that. >> reporter: some c
he paid an effective tax rate of just over 14%. >> susie: and the tax return highlights the debate over americans who contribute to the economy and people who take government handouts. we look at the campaign debate of the makers versus the moochers. >> tom: that and more tonight on "n.b.r." >> tom: a new phone and a new record high stock price during the day for apple. die hard fans lined up at apple stores worldwide to be among the first to get their hands on the...
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Jan 4, 2011
01/11
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tax cut, japan too. with much of the rest of the world easing the burden on business. the tax foundation's scott hodge says pressure is growing on congress to deliver lower corporate rates here too. >> i think many people are beginning to realize that unless we cut our corporate tax rate and fundamentally change the way we tax corporations, we're going to continue to lose ground to other nations. >> reporter: in their meeting with president obama last month corporate c.e.o.s pushed for a special tax break so they could bring their overseas earnings back home. the business leaders argued that would create jobs in the united states. the white house is considering their request. the problem is congress has done this before. a 2004 tax bill allowed companies to bring earnings home at a lower rate at a cost of more than $3 billion. it's an expensive provision says the tax policy center. >> what is the lesson a corporate c.e.o. or cfo learned from that experience. the lesson they learned is let's keep as much
tax cut, japan too. with much of the rest of the world easing the burden on business. the tax foundation's scott hodge says pressure is growing on congress to deliver lower corporate rates here too. >> i think many people are beginning to realize that unless we cut our corporate tax rate and fundamentally change the way we tax corporations, we're going to continue to lose ground to other nations. >> reporter: in their meeting with president obama last month corporate c.e.o.s pushed...
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Jun 29, 2013
06/13
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that's all they care about, should they buy individual uni bonds if it helps them from a tax advantage standpoint or go into a fund? >> right now, this week, at the beginning of the week there was some bonds -- this is a very heavy volume week and that's coincidence unrelated to announcements by the fed and so on. that bonds got very cheap, and so retail investors saw the after tax advantage of purchasing individual bonds. you know, we would say as far as those that hold funds that it's extremely hard to time the market. you can't just say well, i lost. i got to get out because you don't know what will happen next week, next month and so on. so yes, we all believe that interest rates are going to be rising at some point in the future. they have risen in the last two weeks, and have steadily. so, you know, you need to position yourself with diversity in terms of length of time, shorter medium term and so on. >> you know, natalee, you've been talking about fundamentals of investing in uni bonds. as investors see headlines, states have more surpluses, that's good news and headlines of cit
that's all they care about, should they buy individual uni bonds if it helps them from a tax advantage standpoint or go into a fund? >> right now, this week, at the beginning of the week there was some bonds -- this is a very heavy volume week and that's coincidence unrelated to announcements by the fed and so on. that bonds got very cheap, and so retail investors saw the after tax advantage of purchasing individual bonds. you know, we would say as far as those that hold funds that it's...
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Feb 12, 2015
02/15
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the taxes are higher. and medical pot here isn't taxed at all. many locals are not switching over. in washington the state handed out growing licenses more quickly than retail licenses cating an imbalance between farms and stores at least temporarily. and in washington they are not drawing the same number of out of state tourists that colorado does. >> there's 45,000 extra pounds floating around with no home right now. too much pot. >> reporter: watching this unfold entrepreneurs like ana gonzalez in california whose g pharma creates others like chocolates gonzalez wants to expand into other states including washington. >> we're going to be able to go in there and find facilities for pennies on the dollar. >> my dream is to stay on the farm. >> reporter: farmer toum lauer man wants to succeed where others fail by branding his own image on product. >> right now, we're facing bankruptcy and our farmers are up for foreclosure. >> reporter: he hopes to hang on long enough to put the 2015 crop into the ground. for "nightly business report," jane wells, vancouver, washington. >> organica
the taxes are higher. and medical pot here isn't taxed at all. many locals are not switching over. in washington the state handed out growing licenses more quickly than retail licenses cating an imbalance between farms and stores at least temporarily. and in washington they are not drawing the same number of out of state tourists that colorado does. >> there's 45,000 extra pounds floating around with no home right now. too much pot. >> reporter: watching this unfold entrepreneurs...
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Dec 1, 2012
12/12
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but he ruled out higher tax rates. most democrats have ruled out all of those cuts, arguing they would undermine the nation's most successful programs. the president asked for, but it appears republicans would be unlikely to agree to give the president the ability to raise the debt limit unless a super- majority in congress disapproves after the fact. that option was developed by senator mcconnell himself. >> members hate that vote, as you know, because they are voting to increase the debt, but that's why they should have it, because it's a reminder of what this fiscal policy is doing and it holds congress accountable for doing it. >> reporter: so the first week or real bargaining on the fiscal cliff ended with a loud chorus of "no's." and there are only a few more weeks left to get to yes on some of the toughest policy issues dividing democrats and republicans. darren gersh, "n.b.r.," washington. >> tom: many companies aren't waiting on washington to reach an agreement on taxes and spending. they're taking action now
but he ruled out higher tax rates. most democrats have ruled out all of those cuts, arguing they would undermine the nation's most successful programs. the president asked for, but it appears republicans would be unlikely to agree to give the president the ability to raise the debt limit unless a super- majority in congress disapproves after the fact. that option was developed by senator mcconnell himself. >> members hate that vote, as you know, because they are voting to increase the...
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Dec 31, 2013
12/13
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puerto rico and the virgin islands from a tax on imported rum. lawmakers let these taxes lapse every year and usually reinstate them when congress returns in january. >>> and coming up, three stocks that will do well for you as the economy gets stronger, according to our expert, coming up next. >>> shares exploding today on news that blackstone is taking a look at the troubled shoe maker, the maker of the once colorful c clogs will get a $2 million investment from blackstone, giving the company a stake on the board. the news sends shares on a 21% run up to 16 dollars, 14 cents. >>> and cracker barrel standing up to the activist and rejecting demands to put the company up for sale. the company says they will stick with their business plan, they have a 20% stake in cracker barrel. he wants to oust the management because they claims they are not maximizing shares. >>> and shares of apple in the red after news broke friday night that the company is pushing back against carl icahn. apple's board suggested they vote against the proposal that they buy b
puerto rico and the virgin islands from a tax on imported rum. lawmakers let these taxes lapse every year and usually reinstate them when congress returns in january. >>> and coming up, three stocks that will do well for you as the economy gets stronger, according to our expert, coming up next. >>> shares exploding today on news that blackstone is taking a look at the troubled shoe maker, the maker of the once colorful c clogs will get a $2 million investment from blackstone,...
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Dec 8, 2012
12/12
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tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will
tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the...
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Dec 10, 2010
12/10
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economist steve ricchiutto says it is due to president obama's agreement to extend the bush tax cuts. >> unfortunately, what we are getting out of this proposal from both the administration and the republican side is more of the same: let's go out and spend money. nothing is done in here to address the long term budget problems. >> reporter: many americans invest in bonds through mutual funds. so far this year, more than $267 billion has poured into those funds on top of a record amount last year. the question for small investors is whether the party in bonds is over. is it better to ride out the volatility or take the money and run? >> you bail. you really just get out. there is no way for a retail investor to properly hedge himself in this environment. >> reporter: but others say bond prices are at low enough levels that they are looking more attractive. >> i think we're starting to get into that value proposition, where rates are high enough that people might get interested again. its the end of the year, we just a had a pretty big turbulent move and people want to see where we sta
economist steve ricchiutto says it is due to president obama's agreement to extend the bush tax cuts. >> unfortunately, what we are getting out of this proposal from both the administration and the republican side is more of the same: let's go out and spend money. nothing is done in here to address the long term budget problems. >> reporter: many americans invest in bonds through mutual funds. so far this year, more than $267 billion has poured into those funds on top of a record...
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Mar 20, 2012
03/12
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the federal tax rate on most dividends is currently 15%. but that rate could triple for people in the top tax bracket. for that reason, s&p predicts buybacks may have the edge over dividends next year. >> corporations are going to look and say, "what is best for my holders? before i gave you a dollar and were able to keep 85 cents of it. now if i give you a dollar, it's going to be 55/56 cents before city and state taxes." so we think it definitely will have an impact. >> reporter: if it looks like the higher dividend tax will become law, watch for a surge in dividend payouts in december. s&p predicts many companies will make an extra payout this year and one fewer one next. erika miller, "nightly business report," new york. >> susie: tonight's word on the street: apple. joining us now, lindsey bell. she's an investment analyst at thestreet.com. lindsey, nice to you have on the program. >> thank you for having me. >> susie: all right so, many investors were counting on a bigger dividend. of this's been calling it for a dividend all this tim
the federal tax rate on most dividends is currently 15%. but that rate could triple for people in the top tax bracket. for that reason, s&p predicts buybacks may have the edge over dividends next year. >> corporations are going to look and say, "what is best for my holders? before i gave you a dollar and were able to keep 85 cents of it. now if i give you a dollar, it's going to be 55/56 cents before city and state taxes." so we think it definitely will have an impact....
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Aug 5, 2010
08/10
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bill campbell used to run turbo tax owner intuit. millard drexler heads up retailer j-crew. andrea jung is the boss at avon. and arthur levinson is the chairman at biotech firm genetech. and rounding out the board is former vice president al gore. this group heads up a company worth $240 billion, making it the biggest publicly traded technology company in the u.s. nell minow is co-founder of the corporate governance research firm the corporate library and she doesn't like what she sees. >> i'd say apple is absolutely catastrophically a bad board. you couldn't have a worse board than apple. i mean, as a consumer, love them, but as a shareholder they're a terrible board. >> why do corporate governance experts think apple's board is rotten? they point to several reasons: the stock options backdating scandal in 2006. apple admits steve jobs knew options given to him and others were backdated. still, apple said jobs did not financially benefit. the securities and exchange commission did not bring action against the company, citing apple's swift and extraordinary cooperation with
bill campbell used to run turbo tax owner intuit. millard drexler heads up retailer j-crew. andrea jung is the boss at avon. and arthur levinson is the chairman at biotech firm genetech. and rounding out the board is former vice president al gore. this group heads up a company worth $240 billion, making it the biggest publicly traded technology company in the u.s. nell minow is co-founder of the corporate governance research firm the corporate library and she doesn't like what she sees....
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Jul 20, 2010
07/10
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taxes for millions. about a third of the revenue growth comes from expiring tax provisions, a third from real bracket creep, and a third from remaining tax increases. now the congress is unlikely to let all tax cuts expire. so won't we have a revenue gap? exactly as congressional leaders argue? not necessarily. we can extend the twup and 2003 tax cuts and limit the growth of the a.m.t., and still have tax revenues more than 19% of g.d.p. by the end of this decade, well over the 40-year average. the real question is whether we can keep federal spending in check. if not, we will need to raise taxes, and to levels well beyond the heights of world war ii. i'm glen hubbard. >> tom: that is nightly business report on this monday evening july 19. that's for joining us. i'm tom hudson. have a great night. >> susie: take care, tom. i hope to see all of you again tomorrow night. nightly business report is made possible by.... >> there's a world of investment opportunities out there. spotting them takes ex-pers on
taxes for millions. about a third of the revenue growth comes from expiring tax provisions, a third from real bracket creep, and a third from remaining tax increases. now the congress is unlikely to let all tax cuts expire. so won't we have a revenue gap? exactly as congressional leaders argue? not necessarily. we can extend the twup and 2003 tax cuts and limit the growth of the a.m.t., and still have tax revenues more than 19% of g.d.p. by the end of this decade, well over the 40-year average....
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90
Apr 30, 2014
04/14
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bristol myers helped by cost cuts and lower taxes. but revenues, missed estimates and shares fell on concerns over a possible delay in completing the marketing application for the high-profile cancer drug. bristol fell to 49.32. >>> and biggest u.s. tire maker hurt by severe weather in north america. and a labor dispute in venezuela also took a $132 million charge related to a drop in the value of venezuela's currency. shares fell 7 and a half percent to $25.11. ibm's board improved a 16% increase in the quarterly dividend which is now $1.10 a share. paid to stockholders in june. this is the 19th year in a row that the company will up the return. shares up 1% to $195.11. >>> the stock market is doing better since the financial crisis but is taking a bit longer for america's retirement prospects to get back on track. the nation's largest provider of retirement plans revealed today some positive results for millions of americans in the five years since the market downturn. but there is still plenty of room for improvement. >>> a surging
bristol myers helped by cost cuts and lower taxes. but revenues, missed estimates and shares fell on concerns over a possible delay in completing the marketing application for the high-profile cancer drug. bristol fell to 49.32. >>> and biggest u.s. tire maker hurt by severe weather in north america. and a labor dispute in venezuela also took a $132 million charge related to a drop in the value of venezuela's currency. shares fell 7 and a half percent to $25.11. ibm's board improved a...
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Oct 23, 2013
10/13
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the tax season was scheduled to begin on january 21st but may be pushed back as february 4th. a final decision on the start date will be announced sometime in december. >>> no matter when it begins, the april 15th deadline for filing your returns remains the same. >>> no way to escape that. the obama administration is also scrambling to meet another deadline, getting the online health exchanges up and running and on time. the department of health and human services has called on verizon now to fix the problem. it makes sense to bring in verizon, its division for enterprise solutions already does contract information work for the hhs and for medicare, as well. >>> in the meantime, consumer report s has a blunt message for anyone using health ca.glove website to stay away. they want to work out the problems from the rollout from day one. >>> coming up on the program, apple wasn't the only company to unveil a new tablet today. so did microsoft and nokia but can these other tablets chip away at the ipad's lead? first how commodities, currencies and treasuries performed today. >>>
the tax season was scheduled to begin on january 21st but may be pushed back as february 4th. a final decision on the start date will be announced sometime in december. >>> no matter when it begins, the april 15th deadline for filing your returns remains the same. >>> no way to escape that. the obama administration is also scrambling to meet another deadline, getting the online health exchanges up and running and on time. the department of health and human services has called...
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299
Oct 23, 2012
10/12
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eye 299
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market outlook this year as "election dependent." >> if it's an election that brings visibility to the tax policies we're looking for, a continuation of low and equal dividend capital gains rates, then we're comfortable with 1,500 on the s&p for yearend. if not, 1,450 for yearend and 1,500 12-month target is likely to stay unchanged for longer. >> reporter: clarity has become the big word lately for stock investors. until there is greater clarity on the election, the fiscalst cff and the u.s. economy, market prosd redict stocks prices will remain relatively stuck. suzanne pratt, "n.b.r.," new york. s >> susie: still ahead, tonight's et: regionalst t nks, a e okwht why the housing comeback can't save the regional bank stocks. it's make or break tonight, for the presidential candidates. itpolls show president obama and governor mitt romney are neck- and-neck. s tonight they have their third and final debate in boca rato and tom is there. tom.at florida is the big fridz for the campaign. it has the most number of electoral vote its at stake, in the fall election. it also a state that has felt
market outlook this year as "election dependent." >> if it's an election that brings visibility to the tax policies we're looking for, a continuation of low and equal dividend capital gains rates, then we're comfortable with 1,500 on the s&p for yearend. if not, 1,450 for yearend and 1,500 12-month target is likely to stay unchanged for longer. >> reporter: clarity has become the big word lately for stock investors. until there is greater clarity on the election, the...
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376
Jan 1, 2014
01/14
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the dow posted 52 record closes, and the s&p taxed on 45 new highs -- tacked on 45 new highs. here the scorecard for this last day of 2014 and for the year. -- of 2013 and for the year. the blue chips reached 16,576, a new milestone. the nasdaq added 22, closing at a fresh 13-year high. and the s&p rose seven points to 1,848. for the year, the dow surged 26.5%. the nasdaq skyrocketed 38%. and the s&p soared almost 30%, its best year since 1995. looking at the sectors of the s&p, all ten rose in the past year. consumer discretionary stocks did the best. they were up an amazing 41%. now the biggest winner on the s&p was netflix. its stock almost quadrupled, rising 297%. the biggest loser -- new mont mining. it plunged 50%. in the commodities markets, gold lost its glitter in 2013. the precious metal tumbled 28% for the year, closing at 1,201 -- $1,201 an ounce. oil prices rose 7%, closing at $98.62 a barrel. >>> now that we've closed the books on such a sensational year, what's in store as the calendar turns the page to january? as we report, wall street history shows january is
the dow posted 52 record closes, and the s&p taxed on 45 new highs -- tacked on 45 new highs. here the scorecard for this last day of 2014 and for the year. -- of 2013 and for the year. the blue chips reached 16,576, a new milestone. the nasdaq added 22, closing at a fresh 13-year high. and the s&p rose seven points to 1,848. for the year, the dow surged 26.5%. the nasdaq skyrocketed 38%. and the s&p soared almost 30%, its best year since 1995. looking at the sectors of the s&p,...
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156
Nov 10, 2012
11/12
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eye 156
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i look for the bush tax cuts to expire, the payroll tax holiday to expire, and that tow moo is a 3% cracks of the fiscal budget, and that would, indeed, push, in my analysis, push the u.s. back into recession. >> tom: what's the impact if we go over the cliff but are able to pull ourselves back, say, the first or second week in january. some are saying there are some odds of that happening. we could go over the cliff do see the threat but pull ourselves back. could there be damage done that's irreversible? >> there-- when you think about it, the fiscal cliff is sort of kind of a theoretical thing. the treasury, as we saw last year when we dealt with the debt ceiling crisis. the treasury has been groomed to adjusting so maybe the checks they can't write or the cuts they make might be later in the next few months. it gives them a little bit more time. the bush tax cuts, well, that would happen, but things could be grandfathered back in. the concern i have is the uncertainty. i see the u.s. economy is really starting to show some signs that it's taking hold. the recovery is starting to get st
i look for the bush tax cuts to expire, the payroll tax holiday to expire, and that tow moo is a 3% cracks of the fiscal budget, and that would, indeed, push, in my analysis, push the u.s. back into recession. >> tom: what's the impact if we go over the cliff but are able to pull ourselves back, say, the first or second week in january. some are saying there are some odds of that happening. we could go over the cliff do see the threat but pull ourselves back. could there be damage done...
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Aug 17, 2016
08/16
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a lot of people would be better off in the exchange because when you are there you get tax subsidies to purchase your insurance that you don't get from your employer. at the minimum we could stop having a mandate that limits the employer from having their employees enter these marketplaces. we are sort of shooting ourselves in the foot. >> thank you. >>> health care costs are rising for 65-year-olds. a new report from fidelity shows that a couple retiring this year will need $260,000 to confer those costs in retirement. that is up 6% from last year and 18% from two years ago. the estimate applies to those with traditional medicare coverage and takes into account premiums, copayments, and prescription dru costs. >>> on wall ss retreated today from record levels set yesterday. new economic data and comments from federal reserve officials kept a lid on any gapes. bill dudley the head of new york said in an interview with central bank may raise rates as soon as next month citing strength in the market. another said the economy is likely strong enough to withstand at least one rate hike t
a lot of people would be better off in the exchange because when you are there you get tax subsidies to purchase your insurance that you don't get from your employer. at the minimum we could stop having a mandate that limits the employer from having their employees enter these marketplaces. we are sort of shooting ourselves in the foot. >> thank you. >>> health care costs are rising for 65-year-olds. a new report from fidelity shows that a couple retiring this year will need...
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Sep 8, 2016
09/16
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big institutional shareholders are selling and the company is in the middle of a huge tax fight with the european union. its stock once a rocket ship is a slow-moving barge. shares are off about 3% this year. while the broader dow index of which it's a component up 6%. we start tonight with apple's latest announcement and josh lipton has it for us from san francisco. >> less a revolutionary new product than an evolution, apple's ceo tim cook unveiled the iphone 7 and 7 plus today in front of a crowd of apple die-hards in san francisco. the new phones have come definite upgrades and one noticeably absent feature. apple is eliminating the headphone jack that began with the first ipod and replacing it with a lightning jack currently used to charge the phone but in an attempt to limit backlash of consumers forced to get new headphones, apple will have an adapter for earbuds with new models. or c will t option to buy wireless air buds called ear pods. one that is address common complaints of users in the past, the first better battery life. apple claiming up to two hours more juice on the
big institutional shareholders are selling and the company is in the middle of a huge tax fight with the european union. its stock once a rocket ship is a slow-moving barge. shares are off about 3% this year. while the broader dow index of which it's a component up 6%. we start tonight with apple's latest announcement and josh lipton has it for us from san francisco. >> less a revolutionary new product than an evolution, apple's ceo tim cook unveiled the iphone 7 and 7 plus today in front...
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Nov 8, 2012
11/12
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we will have a discussion on taxes one way or the other. if president obama wants to extend the alternative energy tax credits, he will probably be able to do so without customarily haggling with boehner. if that happened in president obama's first term was a green light given to e.p.a. to become as aggressive as they want to on ozone control. second term, e.p.a. could be quite aggressive. and there are certain companies that would benefit by ozone control. >> tom: calgon being one of them. do you own any of the four? >> i do own some with calgon. >> susie: still ahead, "surgery in aisle 5," wal-mart teams with the cleveland clinic on an innovative program giving the retailer's employees world class surgical care. a crucial vote in greece today, triggered violent protests, and clashes with riot police in athens. nearly 100,000 people took to the streets, hurling rocks and gasoline bombs outside the greek parliament, where lawmakers prepared to vote on new austerity measures. the demonstrations were the biggest in over a year, against the sp
we will have a discussion on taxes one way or the other. if president obama wants to extend the alternative energy tax credits, he will probably be able to do so without customarily haggling with boehner. if that happened in president obama's first term was a green light given to e.p.a. to become as aggressive as they want to on ozone control. second term, e.p.a. could be quite aggressive. and there are certain companies that would benefit by ozone control. >> tom: calgon being one of...
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Sep 10, 2010
09/10
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they cut out that dastardly alternative minimum tax, flatten the corporate tax, and take a machete to corporate welfare. simple is better. the i.r.s. admits that americans spend 6.6 billion hours figuring out their taxes. 6.6 billion hours! that's like kidnapping 10,000 people each year and forcing them to spend their lifetimes filling in 1040 forms. life is too short to devote it to the i.r.s. i'm todd buchholz. >> susie: that's "nightly business report" for thursday, september 9. i'm susie gharib. good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everybody. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in: to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. pbs. doctor mights you can. thank yo. >> what's happened
they cut out that dastardly alternative minimum tax, flatten the corporate tax, and take a machete to corporate welfare. simple is better. the i.r.s. admits that americans spend 6.6 billion hours figuring out their taxes. 6.6 billion hours! that's like kidnapping 10,000 people each year and forcing them to spend their lifetimes filling in 1040 forms. life is too short to devote it to the i.r.s. i'm todd buchholz. >> susie: that's "nightly business report" for thursday, september...
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Mar 18, 2015
03/15
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gets the balance within ten years without raising taxes. we responsibly lay out a plan for a healthy economy, an opportunity economy, one that opens the doors for people not subjects them to the dictates of washington, d.c. >> is the plan calls for a full repeal of the affordable care act, an overhaul of the tax system and partly privatizing medicare. the gop partly increases funding for the military. >>> at a conference today, mary jo white called for new regulations that would require brokers to have a fiduciary standard. it is an issue we've discussed here on "nightly business report." the s.e.c. has been studying the subject for years but still has not taken any action. >>> what apple reportedly plans to do as soon as this fall in the technology i >>> ford exchanged swings cost nearly $19 billion in the fourth quarter according to a new report. the average negative curbrency was more than double than for the prior two ye roert report goes on to say it will likely worsen in the next quarter of this year. >>> oracle says its profits were
gets the balance within ten years without raising taxes. we responsibly lay out a plan for a healthy economy, an opportunity economy, one that opens the doors for people not subjects them to the dictates of washington, d.c. >> is the plan calls for a full repeal of the affordable care act, an overhaul of the tax system and partly privatizing medicare. the gop partly increases funding for the military. >>> at a conference today, mary jo white called for new regulations that would...
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Jul 6, 2013
07/13
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it could mean more jobs, more growth and more tax revenue. due to past practices, florida lost close to 50% of the shorelines, home to many species worth thousands of dollars. a guy travels to florida to fish for a big fish but the existence begins with the decision not to destroy a man grove. >> you don't have to pay to build roads, pay to have a big police force, run sewer and that stuff, as long as the habitats are healthy, it's basically free. >> reporter: for "nightly business report," i'm steve liesm liesman. >>> coming up, meet the woman that put a modern twist on an age-old shoe and turned it into a successful business but first how treasuries, commodities and currencies faired today. >> good news this evening for commuters in san francisco. rail service is scheduled to resume in time for this evening's rush hour after striking unions agreed with the bay area known as bart to extend a labor contract for 30 more days while both sides continue to meet at the bargaining table. >>> well, you may want to take bart tonight if you're driving
it could mean more jobs, more growth and more tax revenue. due to past practices, florida lost close to 50% of the shorelines, home to many species worth thousands of dollars. a guy travels to florida to fish for a big fish but the existence begins with the decision not to destroy a man grove. >> you don't have to pay to build roads, pay to have a big police force, run sewer and that stuff, as long as the habitats are healthy, it's basically free. >> reporter: for "nightly...
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Jan 25, 2012
01/12
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higher taxed income into lower-taxed capital gains. economist bill gale says there is also not much evidence that lowering that tax, first by president bush and extended by president obama, has made much of a difference. >> you don't hear anybody arguing that they raised economic growth or increased the rate of expansion over the last decade. instead, all the expansion came in housing. >> reporter: tonight's speech and romney's taxes make it pretty clear tax reform and tax fairness will be central issues in the presidential campaign, tom. >> to the point of fairness, what kind of green do you think in the chamber's tonight of the president's endorsement of the so-called buffet rule. >> we're in the age of the prebuttal, which means you don't wait to hear the speech pup rebut beforehand, and republicans have dismissed it as class warfare. democrats say it's the right thing to do. it will restore tax fairness. >> tom: what about the payroll tax due to expire at the end of february? this is not something that can wait for a lame duck conf
higher taxed income into lower-taxed capital gains. economist bill gale says there is also not much evidence that lowering that tax, first by president bush and extended by president obama, has made much of a difference. >> you don't hear anybody arguing that they raised economic growth or increased the rate of expansion over the last decade. instead, all the expansion came in housing. >> reporter: tonight's speech and romney's taxes make it pretty clear tax reform and tax fairness...
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May 21, 2013
05/13
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taxes. today we got an early look at what apple will tell the panel about keeping funds offshore and why the whole corporate tax system needs an overhall. what do you think will be the pitch from apple's tim cook. >> reporter: i think he'll have to defend himself from a report that the senate on select committee just put out this evening. the report is pretty critical of the way apple sets up its corporate tax structure overseas. senator carl levindt[ boast their company is the highest corporate taxpayer in the u.s. but what they often leave out is the second part of the story, and that is that apple is one of the largest corporate tax avoiders. it's unacceptable that apple, and they're not the only ones, but they're the most egregious offender. >> now apple is going to come into this environment tomorrow. they'll say they don't use tax gimmicks, that everything they did was legal. they'll also highlight the enormous money they do pay in taxes, up to $6 billion last year. this year they're e
taxes. today we got an early look at what apple will tell the panel about keeping funds offshore and why the whole corporate tax system needs an overhall. what do you think will be the pitch from apple's tim cook. >> reporter: i think he'll have to defend himself from a report that the senate on select committee just put out this evening. the report is pretty critical of the way apple sets up its corporate tax structure overseas. senator carl levindt[ boast their company is the highest...
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Jan 29, 2014
01/14
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either through education or even tax incentives. finally, there is agreement there is not a single silver bullet to solve the inequality problem but it's going to take a variety of programs. for "nightly business report," i'm steve liesman. >> with more is byron wayne, vice-chairman with blackstone advisory partners. welcome back, brian. great as always to see you. we will get to the markets and emerging markets and fed and all of that. in light of what steve was just talking about, i know you to be one of the most thoughtful guys on wall street. what do you think about income inequality in america, and what do you think if you see it as a problem would be the best way to address it? >> well, steve, i think there are very good job of talking about the fact that you have to have a number of programs. income inequality is caused by globalization, it's caused by technology, it's caused by problems in our educational system. it's caused by cultural problems. the number of kids being raised in a family without two parents. it's caused by
either through education or even tax incentives. finally, there is agreement there is not a single silver bullet to solve the inequality problem but it's going to take a variety of programs. for "nightly business report," i'm steve liesman. >> with more is byron wayne, vice-chairman with blackstone advisory partners. welcome back, brian. great as always to see you. we will get to the markets and emerging markets and fed and all of that. in light of what steve was just talking...
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Feb 23, 2013
02/13
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and so they've got sort of a secondary tax, in addition to the payroll tax increase that they've experienced as well. >> reporter: wal-mart is adjusting by stocking its shelves with lower-priced items, and smaller sized packages. retailers fear the pressure on consumers could get worse if a trillion dollars in across-the- board government spending cuts hit march first. that would be right at the start of the spring selling season. >> i think we will see promotional activity and markdowns become more commonplace. i think the key takeaway here is that we could be looking at a very difficult time for retailers to be raising profitability and expanding margins in this environment. but even in a tough environment there will be some winners. in the retail and restaurant categories, hottovy sees two firms that could thrive: >> our top picks are costco and amazon. we think that they will be key beneficiaries of either a trade out or a trade down among consumers. >> reporter: next week is a big one for retail earnings. over a dozen chains will report quarterly numbers, including macy's, target, gap,
and so they've got sort of a secondary tax, in addition to the payroll tax increase that they've experienced as well. >> reporter: wal-mart is adjusting by stocking its shelves with lower-priced items, and smaller sized packages. retailers fear the pressure on consumers could get worse if a trillion dollars in across-the- board government spending cuts hit march first. that would be right at the start of the spring selling season. >> i think we will see promotional activity and...
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Jun 18, 2016
06/16
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per mountains tax on sugar-added and artificially-sweetened soft drinks. that adds 18 cents to the cost of a can of soda. the new tax will go into effect january 1 and it is expected to raise $91 million a year in revenue. >>> in pittsburgh you might expect to find steel companies. but instead there are startups, a growing number of them. and as kate rogers reports, businesses large and small are helping to reinvent the rust belt. >> i'm charging with every step that i take right now. >> reporter: while devices from tablets to cell phones improve constantly, the thing can't be for their battery life, something 25-year-old anna alexander and soul power are looking to change. >> charging cell phones, radios, gps while you walk. >> reporter: soul power has raised half a million and is being tested by the u.s. army. alexander isn't alone in her desire for change. other startups designed to solve some of the world's big problems are doing so not from silicon valley or alley but pittsburgh. the city, once a booming steel town, turned around post-industrial colla
per mountains tax on sugar-added and artificially-sweetened soft drinks. that adds 18 cents to the cost of a can of soda. the new tax will go into effect january 1 and it is expected to raise $91 million a year in revenue. >>> in pittsburgh you might expect to find steel companies. but instead there are startups, a growing number of them. and as kate rogers reports, businesses large and small are helping to reinvent the rust belt. >> i'm charging with every step that i take right...
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Apr 1, 2014
04/14
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reform. >> tax reform will be difficult. both champions of tax reform, people i interviewed in 2013 who said that they were going to each pass a piece of legislation in their chamber, the ambassador to china, he quit his senate seat and dave camp, the republican chairman of the house weighs and means committee announced today he's retiring from congress. that tells you the outlook is bleak for bipartisan tax reform. >> john, for years, a lot of people, lawmakers in washington have been trying to get companies to bring their profits made overseas to the u.s. and invest that money here. is this at all connected to that whole push? >> yes, and what the committee is arguing is that a shell subsidiary was created in switzerland that didn't have any real business function but solely for the purpose of coming to the united states and having taxes paid on them. this is a continuing issue, both parties don't like it. both parties raised questions about it, although soul solutioe different. the outlook is bleak over the longer run, th
reform. >> tax reform will be difficult. both champions of tax reform, people i interviewed in 2013 who said that they were going to each pass a piece of legislation in their chamber, the ambassador to china, he quit his senate seat and dave camp, the republican chairman of the house weighs and means committee announced today he's retiring from congress. that tells you the outlook is bleak for bipartisan tax reform. >> john, for years, a lot of people, lawmakers in washington have...
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Dec 30, 2010
12/10
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that's thanks to the improved tone of economic data, as well as the extension of bush-era tax cuts. still, p.n.c.'s stuart hoffman says the u.s. economy should be stronger. >> if anything i call it a half- speed economic recovery in the sense that the gains, not only this year, but probably again next year, aren't the typical rip-roaring recovery that you would expect after such a deep recession, as has been more typical of the what the u.s. economy over the last 40 years. >> reporter: now, for the bad news. if you guessed it will be the sorry state of the labor market, you're correct. most economists agree the unemployment rate in 2011 will remain above 9%. drew matus of u.b.s. says what many americans don't realize is that we can have an expanding economy and a lousy job picture. >> the labor market's going to be one of those stories that's a little on the weaker side. it's not to say we won't adding jobs, but rather the unemployment rate is going to stay high. and, i think that's something we're just going to have to learn to live with, particularly if they continue to extend une
that's thanks to the improved tone of economic data, as well as the extension of bush-era tax cuts. still, p.n.c.'s stuart hoffman says the u.s. economy should be stronger. >> if anything i call it a half- speed economic recovery in the sense that the gains, not only this year, but probably again next year, aren't the typical rip-roaring recovery that you would expect after such a deep recession, as has been more typical of the what the u.s. economy over the last 40 years. >>...
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Jan 24, 2013
01/13
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no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tweet-up, that's when you meet together on twitter. we'll talk about teaching kids about saving money. alisa weinstein, co-founder of helpkidsfly.org and author of "earn my keep" will be our guest. here's what you do: follow us on twitter at bizrpt, and use the tweet-up hashtag "financial education". that's tomorrow, thursday at 3 pm eastern. susie, we're really looking forward
no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're...
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Jul 16, 2014
07/14
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yahoo said it would return half of the after tax ipos to shareholders and reducing the number of shares yahoo is required to sell at the alibaalibab alibaba ipo from 208 million shares. when reading through the notes of the report, it's trying to capitalize on the alibaba investment as the core business continues to struggle. back to you. >> thanks a lot. seema mody reporting from the nasdaq. >>> now to the big apple ibm news. back in 1984 apple skewered ibm in an ad portraying it as an evil big brother. today the companies are a bffs. tim cook and vir gina announced they will team up on more than 100 apps that will combine the strength of ibms an lcalled it massive mobile reach via the iphone and ipad. the theory here, combine ibm east strength in enterprise computing with apple's keep it simple know how serving real people doing real work on tablets. tim cook says this was a deal that just had to be done. >> it takes the best of apple and the best of ibm and puts those together. there is no over lap. there is no camp tiompetition a focuses on the enterprise customer. so this is all ab
yahoo said it would return half of the after tax ipos to shareholders and reducing the number of shares yahoo is required to sell at the alibaalibab alibaba ipo from 208 million shares. when reading through the notes of the report, it's trying to capitalize on the alibaba investment as the core business continues to struggle. back to you. >> thanks a lot. seema mody reporting from the nasdaq. >>> now to the big apple ibm news. back in 1984 apple skewered ibm in an ad portraying...
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Sep 10, 2013
09/13
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and i think we could have some tax changes by simply just closing loopholes, we don't have to get into the debates of rate mortgages and deductions. close the loop holes and there you have your compromise. >> thank you, andrew friedman. >>> one thing policy makers seemingly don't have to worry about quite as much right now is the economy. the latest survey from the national association for shs economics says the u.s. economy will grow by 3% next year and that will be a significant step up from this year. the widely expected group expects more jobs to be created and inflation to stay low. >> gas prices, though are inching higher. the latest survey found that gas rose 2.16% in the last two weeks, bringing the average cost to 3.58 a gallon, that coincided with the spike in crude oil prices. >>> and heading lower is the price of mortgage loans, officials at the federal housing finance agency are looking to lower the maximum housing loans, that were back during fannie mae and freddie mac. the idea is to wean mortgages off government support and let private companies take a bigger role in gu
and i think we could have some tax changes by simply just closing loopholes, we don't have to get into the debates of rate mortgages and deductions. close the loop holes and there you have your compromise. >> thank you, andrew friedman. >>> one thing policy makers seemingly don't have to worry about quite as much right now is the economy. the latest survey from the national association for shs economics says the u.s. economy will grow by 3% next year and that will be a...
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May 5, 2017
05/17
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he also knows if you can't get health care it may be impossible to get tax reform. it may be very difficult to do eded to get to a point where they got a win and house republicans felt look, we can governor and come together on something as difficult as this with us and he needed a big policy achievement. this is only step one of probably three or four but it was a big step. he rightfully today wanted to celebrate that with house republicans and the latest trip to new york to see the australian prime minister in order to do so because to date really the only big thing that congress has given him is neil gore -- gorsuch. >> charlie: they'll will help him? >> they got a sense of how the house can work together and depending on what a final health care bill looks like and sarah's really the in-house expert at least in this conversation on what it will do to save money or move money around, it would make doing tax reform easier from a policy suspect as well, yeah. >> charlie: sarah? >> i think it's a step forward but health care is becoming this all-consuming task. reme
he also knows if you can't get health care it may be impossible to get tax reform. it may be very difficult to do eded to get to a point where they got a win and house republicans felt look, we can governor and come together on something as difficult as this with us and he needed a big policy achievement. this is only step one of probably three or four but it was a big step. he rightfully today wanted to celebrate that with house republicans and the latest trip to new york to see the australian...
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Sep 5, 2012
09/12
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fees to cut their tax bills by millions of dollars. "the new york times" reports the state prosecutor has subpoenaed more than a dozen firms in recent weeks. the i.r.s. looked into private equity management fees five years ago. while it called them, "areas of possible non-compliance" the agency gave no formal guidance on the strategy. >> susie: apple fans are counting on the launch of a new iphone, and the guessing is september 12 is when apple will announce the iphone 5. apple sent out this invite to the media today for an event on september 12, saying simply, it's almost here." the invitation comes as the iphone gained ground among smart phone users in the latest quarter. comscore tracks the industry, and says apple's share of the smart phone market rose to over 33% during the second quarter, or one in every three phones. still. that's far behind the android platform's dominance, with a 52% share of the smart phone market. tom, apple stock has been on the rise on rumors of not only a new phone, but also a new mini ipad and a tv produ
fees to cut their tax bills by millions of dollars. "the new york times" reports the state prosecutor has subpoenaed more than a dozen firms in recent weeks. the i.r.s. looked into private equity management fees five years ago. while it called them, "areas of possible non-compliance" the agency gave no formal guidance on the strategy. >> susie: apple fans are counting on the launch of a new iphone, and the guessing is september 12 is when apple will announce the iphone...
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Dec 10, 2011
12/11
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we increase taxes again. what i am suggesting is that this needs to be done honestly. >> reporter: john says that means telling people the payroll tax cut means the government will be funding part of social security through income taxes. in effect, social security will be tapping into a huge new pot of money. >> essentially, there is no urge to fix the social security program. it just becomes a bigger and bigger drain in the future. >> reporter: but the economic policy institute's andrew fieldhouse thinks this is one tax cut that will turn out to be temporary. >> you're not seeing the same grover norquist taxpayer protection pledge ideology set in over the payroll tax cut the way you have for the bush-era tax cuts. >> reporter: fieldhouse would prefer to stimulate the economy with more infrastructure spending, but he says extending the payroll tax cut is the only option on the table now. >> right now you are talking about infusing about $120 billion of disposable income into the u.s. economy. you're not alway
we increase taxes again. what i am suggesting is that this needs to be done honestly. >> reporter: john says that means telling people the payroll tax cut means the government will be funding part of social security through income taxes. in effect, social security will be tapping into a huge new pot of money. >> essentially, there is no urge to fix the social security program. it just becomes a bigger and bigger drain in the future. >> reporter: but the economic policy...
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Oct 7, 2011
10/11
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the deal with tennessee will also allow the online giant to collect sales tax there in two years. amazon has struck similar deals in other states, including california and south carolina, but the company still wants a national standard on sales tax collections for online retailers. >> tom: one of sports and entertainment's most visible business partnerships is over. hank williams, jr., and espn's monday night football have parted ways. williams says he quit. but espn says it sacked the singer and his song with the classic line, "are you ready for some football?" it had been a monday night staple since 1989. the song was dropped from this week's game after the singer used an analogy to adolf hitler while discussing president obama during an interview. williams says pulling the song this week violated his freedom of speech. >> susie: as we mentioned, steve jobs played a huge role in shaping silicon valley and technology as we know it. but as commentator harry lin explains, and broadcasting from his macbook, jobs had a unique way of making technology personal. >> it's impossible to o
the deal with tennessee will also allow the online giant to collect sales tax there in two years. amazon has struck similar deals in other states, including california and south carolina, but the company still wants a national standard on sales tax collections for online retailers. >> tom: one of sports and entertainment's most visible business partnerships is over. hank williams, jr., and espn's monday night football have parted ways. williams says he quit. but espn says it sacked the...
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Mar 25, 2011
03/11
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when you get's problem, something got screwed up in your tax report. something, your trade didn't go through, do they get on to it, solve it, get back to you and really give you a good answer? and there are services, third parties, that measure this. so you can find out. which are the fund companieses that have good service. >> tom: some good guidepostses for sunday investors as we are in ira season. always nice to see you, robert pozen our guest tonight, name of the book is "the fund industry" >> susie: tom another day of gains here on wall street. looks like investors are feeling upbeat and counting on good corporate earnings coming out over the next couple of weeks. >> tom: a couple of biggies after the close tonight, as a matter of fact, susie. but the after-hours action, were going in different directions. lotses to get to, so let's roll out tonight's market focus. we saw more stock buying in the face of renewed european debt worries, mideast violence, and higher oil prices. technology led the way. semiconductor maker nvidia jumped 8%. despite the
when you get's problem, something got screwed up in your tax report. something, your trade didn't go through, do they get on to it, solve it, get back to you and really give you a good answer? and there are services, third parties, that measure this. so you can find out. which are the fund companieses that have good service. >> tom: some good guidepostses for sunday investors as we are in ira season. always nice to see you, robert pozen our guest tonight, name of the book is "the...
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Nov 11, 2010
11/10
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trimming health care spending, talking about medicare, and the tax breaks we talked about. the mortgage deduction would get trimmed back, employer provided health care, retirement savings, and a lot of goodies. every sacred ox has been gored in this plan. >> susie: we have to remind everybody this is a preliminary plan, a draft proposal. >> right. >> susie: from the people that you have been talking to, what are the odds of what stays in and what goes out? >> reporter: well, this is put forward by the two co-chairs. under the commission's rules, they have to get 14 out of 18 commissioners to approve a proposal to send it along to the president. and then nobody has to do anything with it, really, but tha that's what they have to do to get it forward. most of those 14 people would have to come from elected officials. they don't seem like they're going to come on board. the way to look at this is that some of these cuts are the things that i'm sorry to be the bearer of bad news are probably likely to happen when the budget crisis -- when spending becomes such a problem that th
trimming health care spending, talking about medicare, and the tax breaks we talked about. the mortgage deduction would get trimmed back, employer provided health care, retirement savings, and a lot of goodies. every sacred ox has been gored in this plan. >> susie: we have to remind everybody this is a preliminary plan, a draft proposal. >> right. >> susie: from the people that you have been talking to, what are the odds of what stays in and what goes out? >> reporter:...
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Feb 17, 2011
02/11
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now that's not necessarily the best way to figure your tax bill, but it beats overpaying your taxes by understating your basis. i'm kevin mccormally. >> susie: did you inherit stocks, bonds or other property last year? tomorrow, kevin helps you tackle the tax on those items. if you have a question you want kevin to answer, he'll be happy to do that. just log on to our website, nbr on pbs.org. >> tom: that's "nightly business report" for wednesday, february 16. i'm tom hudson. good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
now that's not necessarily the best way to figure your tax bill, but it beats overpaying your taxes by understating your basis. i'm kevin mccormally. >> susie: did you inherit stocks, bonds or other property last year? tomorrow, kevin helps you tackle the tax on those items. if you have a question you want kevin to answer, he'll be happy to do that. just log on to our website, nbr on pbs.org. >> tom: that's "nightly business report" for wednesday, february 16. i'm tom...
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Dec 7, 2012
12/12
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h&r block has been cutting costs to focus on its core tax preparation business, especially digital tax prep. even satellite radio operator sirius/xm radio can't resist returning some of its cash to shareholders. it announced a one-time dividend of a nickel per share and a $2 billion stock buyback plan. sirius shares are consistently among the most actively traded issues on the nasdaq. volume was very heavy today, but the stock didn't move much, up just two cents. but there was a bigger stock move in liberty media capital. liberty media is the biggest shareholder of sirius and stands to get $160 million thanks to the special dividend. online social gaming company zynga has struggled to repeat the success of its farmville and words with friends games. it filed a preliminary application for a gaming license in nevada. don't look for zynga on the strip, at least not yet. the company wants to have customers bet real money on games like zynga poker. shares rallied 7.1% as volume doubled. zynga has lost more than 70% of its value since becoming a publicly traded company. all of the five most
h&r block has been cutting costs to focus on its core tax preparation business, especially digital tax prep. even satellite radio operator sirius/xm radio can't resist returning some of its cash to shareholders. it announced a one-time dividend of a nickel per share and a $2 billion stock buyback plan. sirius shares are consistently among the most actively traded issues on the nasdaq. volume was very heavy today, but the stock didn't move much, up just two cents. but there was a bigger...
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May 31, 2012
05/12
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they're yielding on a tax adjusted basis more than treasuries. they've got the second lowest default rate historically. and the supply demand imbalances should be evaporating going forward. they have a -- >> tom: i'm to try to get you to forecast an interest rate on the the 10-year benchmark. do you think it will hit 1.5%? >> it seems destined to in the near term. >> tom: all right, we'll let it go at that, great to hear from you, richard schlanger, with the peen near short-term income fund. >> tom: oil prices tumbled today, to their lowest level since october. in new york trading, benchmark light sweet crude fell almost $3 a barrel, settling at $87.82 a barrel. and that's pushing down prices at the pump just in time for summer. erika miller takes a closer look at the reasons behind the steep sell-off. >> reporter: this was supposed to be the summer that gasoline prices surged back to record levels, but instead prices have been actually falling. >> over the past month regular unleaded has fallen 19 cents to $3.63 a gallon nation-wide-- that is a
they're yielding on a tax adjusted basis more than treasuries. they've got the second lowest default rate historically. and the supply demand imbalances should be evaporating going forward. they have a -- >> tom: i'm to try to get you to forecast an interest rate on the the 10-year benchmark. do you think it will hit 1.5%? >> it seems destined to in the near term. >> tom: all right, we'll let it go at that, great to hear from you, richard schlanger, with the peen near...
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Apr 28, 2012
04/12
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as many companies rushed in to take advantage of an expiring tax credit for business investment. that's like loading up on paper towels, simply because they're on sale. in the first quarter, on the other hand, growth was slower. but most of it came from stronger consumer spending. >> when you have 70% of the economy, that's really key to the health of the economy going forward. so we do view it as an encouraging sign that consumers are spending more. that makes it hard to see how you're going to see a sharp slowdown in growth in the near future. >> reporter: what did consumers buy? automobiles. sales rose at their fastest pace in four years. but there's even better news. >> the services spending moved up to 1.2%, which is very good because the services sector is a job creation sector. and when you have people spending money in the services sector, it more clearly translates into job growth and that's what we need. >> reporter: the biggest headwind for the economy these days is a slowdown in government spending. and that's not likely to change soon. the bottom line here is the rec
as many companies rushed in to take advantage of an expiring tax credit for business investment. that's like loading up on paper towels, simply because they're on sale. in the first quarter, on the other hand, growth was slower. but most of it came from stronger consumer spending. >> when you have 70% of the economy, that's really key to the health of the economy going forward. so we do view it as an encouraging sign that consumers are spending more. that makes it hard to see how you're...
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Mar 7, 2015
03/15
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maker, abruptly stopping state taxes for a day because of a surge in fraudulent claims for refunds. >>> a lot of small businesses are looking to solve recently-world problems using modern technology. most though don't have the time or the staff needed to do the basics like keeping the office clean, restocking supplies or finding a plumber. that's why two new york city entrepreneur the bright idea to find ipads equipped with a system they built to take care of the physical space. >> reporter: in a month, jose has been to take the office space of a web-based ipad app. remember the character that supplied james bond's high-tech toys? it's restocking supplies or finding a handyman and jose lara is hoping q can be a career builder, not just a job. opening last april, q has hired 175 employees. wages start at $12.50 an hour and q is taking cues from the likes of star bucks and traders joes providing benefit. >> it wasn't providing none of that. when it comes to q, they're getting paid at a higher rate than they would normally and now getting benefits on top of that. >> reporter: quickly r
maker, abruptly stopping state taxes for a day because of a surge in fraudulent claims for refunds. >>> a lot of small businesses are looking to solve recently-world problems using modern technology. most though don't have the time or the staff needed to do the basics like keeping the office clean, restocking supplies or finding a plumber. that's why two new york city entrepreneur the bright idea to find ipads equipped with a system they built to take care of the physical space....
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Jul 23, 2011
07/11
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you can't do it without dealing with tax reform. in a going it teams seems it's easier to take the smallest deal the low hanging fruit. but it may prove that's not enough, we have to go really big. so the best thing for the country would be a big enough deal to put us on a stable debt trajectory. maybe, maybe they can find a political path to do that but it's going to take more time and there's no question that all parties are going to be, if we come up with the real deal, they're going to have to go back to their constituencies and say this is a bitter pill to swallow. and the time is running out between now and august 2nd just a few days left. >> susie: maya thank you vention for your insights. >> thank you. >> our guest tonight, maya macguineas head of the committee for a responsibility federal budget. >> tom: most of america is focused on whether the debt ceiling will be raised in time to avoid default. but the outlook for u.s. bond investors will also depend on whether lawmakers can agree on a long-term deficit reduction agreem
you can't do it without dealing with tax reform. in a going it teams seems it's easier to take the smallest deal the low hanging fruit. but it may prove that's not enough, we have to go really big. so the best thing for the country would be a big enough deal to put us on a stable debt trajectory. maybe, maybe they can find a political path to do that but it's going to take more time and there's no question that all parties are going to be, if we come up with the real deal, they're going to have...
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Apr 6, 2011
04/11
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corporate tax rate down to 25%. there are no new reductions in defense, but house republicans propose cuts of more than $900 billion over the next decade from the president's plans for education, clean energy, and other non-security spending. another $1.8 trillion in savings come from cuts to programs like food and housing assistance. but ryan's deepest reductions compared with the president's budget are in health care: $1.4 trillion in savings from repealing health care reform; and $735 billion in medicaid savings by reshaping the current open-ended spending program into a fixed, lump-sum payment to states. another $389 billion is saved by restructuring medicare. beginning in 2022, new beneficiaries will get a fixed payment, called premium support, to buy private health care coverage. but democrats say this will put future medicare beneficiaries at the mercy of insurance companies. maryland's chris van hollen called the republican plan a scheme to privatize medicare. >> the value of the voucher or the premium suppo
corporate tax rate down to 25%. there are no new reductions in defense, but house republicans propose cuts of more than $900 billion over the next decade from the president's plans for education, clean energy, and other non-security spending. another $1.8 trillion in savings come from cuts to programs like food and housing assistance. but ryan's deepest reductions compared with the president's budget are in health care: $1.4 trillion in savings from repealing health care reform; and $735...
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Sep 20, 2016
09/16
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plan would reduce taxes and help the wealthy. according analysis by the conservative-lea tax foundation the republican nominee's new plan would reduce federal taxes by between 4.4 trillion and 5.9 trillion over a decade. the range there is due to conflicting statements on business taxation. the wealthiest 1% would see their after tax income increase by about 10%. the total cost of the latest plan is less than the $10 trillion price tag on the original one. >> an update now to the shipping story we have been following. nearly a third of the container ships have unloaded cargo. that eases concerns among retailers that they now expect to get a portion of their products in time for the holiday season. accordin the company, 28 vessels have unloaded goods at ports around the world including california. the world's seventh largest shipping company filed bankruptcy last month. >> gas prices started to spike in parts of the country as we told you they would. according to aaa, gas prices were up 21 cents in georgia. 16 cents in north carol
plan would reduce taxes and help the wealthy. according analysis by the conservative-lea tax foundation the republican nominee's new plan would reduce federal taxes by between 4.4 trillion and 5.9 trillion over a decade. the range there is due to conflicting statements on business taxation. the wealthiest 1% would see their after tax income increase by about 10%. the total cost of the latest plan is less than the $10 trillion price tag on the original one. >> an update now to the shipping...